Breaking news Feed
- Sleep with Rolex & Patek Philippe at Florence's Luxe L'O - Hotel L'Orologio
- German Billionaire Offers World's Fastest Long-Range Superyacht for $85 Million
- $2.7 Million Patek Philippe Watch Stars in Christie's Sale
- Charter Steven Spielberg's New Superyacht for $1.3 Million a Week: The World's Most Expensive
- The Classicist: VO Guns Debuts the Falcon, World's Most Expensive Rifle, for $820,000 [EXCLUSIVE]
- Win a Ride With Harrison Ford in His Private Plane & More in Bid to Save the Earth Auction - Part I
- Memo to Prince William: Before the Royal Wedding Have Kate Middleton Sign a Princely Pre-Nup
- Steve McQueen's Famed 1970 Porsche 911S at Auction
- Theatre Of Horticulture: The Orchid Show Opens at the New York Botanical Garden
- EXCLUSIVE: Abramovich Said to Be Owner of World's Most Expensive Painting
Featured stories Feed
- The Classicist: Southern Proper's Timeless Style
- Fairy Tale Castle on the French Riviera, Estate of the Day
- Shoot 'n Share Camcorder Projector: Simple Enough for a Child to Use
- Five Fabulous Things to Do On A Ski Trip Without the Skis in Park City, Utah
- The Classicist: Thoroughbreds, Bourbon and Private Planes from Flexjet
- World's Most Expensive Poker Set for $7.5 Million
- Herman Miller Sayl Ergonomic Work Chair Review
- Luxist Giveaway: Element Case Vapor Pro iPhone 4 Case
- The Fashion Statement: The Rise of Flatforms
- RSVIP: Dinner with an Astronaut and Fireworks in Costa Rica
Categories
- 10 Luxuries (13)
- Apparel (1516)
- Architecture & Design (83)
- Art (1054)
- Auctions (1452)
- Big Givers (129)
- Books (300)
- By Design (48)
- Celebrity Design (216)
- Celebrity Shopping (1475)
- Charity (592)
- Charity of the Day (163)
- Children (102)
- Cigars (363)
- Cosmetics and Fragrance (432)
- Crimes and Misdemeanors (116)
- Decor (2404)
- Dining (1562)
- Estates (3822)
- Events (737)
- Gadgets (1336)
- Green (369)
- Handbags (2263)
- Holiday Guides (120)
- Jewelry (1651)
- Lux Tips (31)
- Luxury Cars & Autos (2724)
- Luxury Shopping (91)
- Luxury Travel & Hotels (2963)
- Modern Gentleman (12)
- Men's Style (529)
- Pets (199)
- Real Estate Developments (536)
- Services (403)
- Shoes (474)
- Spas (411)
- Spirits (1155)
- Sports (658)
- Tell Us Everything (8)
- The Classicist (168)
- The Fashion Statement (104)
- Timepieces / Watches (2089)
- Video (65)
- Wealth (433)
- Wine (1460)
- Wings (717)
- Writing Instruments (183)
- Yachts & Sailing (1023)
Featured Galleries
Blogs We Love
- A Continuous Lean
- A Luxury Travel Blog
- Born Rich
- CIRCA Jewels Blog
- Creed Boutique Blog
- Departures
- Dr. Vino
- EgoTV
- FabSugar
- Home Decor
- Home Design
- Hotel Chatter
- How To Spend It
- If It's Hip, It's Here
- JamesList
- Just Luxe
- Lavish Property
- Luxuo
- New York Observer: Culture
- Notes On A Party
- Real Estalker
- Robb Report
- ShelterPop
- Splendora
- The Life of Luxury
- The Luxury Spot
- The Sartorialist
Also on AOL
- Autos
- Technology
- Lifestyle
- Gaming
- Finance
- Entertainment on AOL
- Lifestyle on AOL
- Sports on AOL
- Travel on AOL
- More on AOL
Going To London? Don't Miss This Shop
Reader Comments (Page 1 of 1)
8-10-2009 @ 12:04PM
Matthew Kinsey said...
Artists always appreciate the opportunity to sell out of studio, direct to collectors. There's no reason to volunteer a contribution to an agent if you found the artist's work on your own, and can make direct contact through a website or by phone. However, it's important to be respectful of gallery representatives where appropriate. It's a bad practice to attempt to buy out of studio works currently on exhibit at a gallery (especially right in front of the dealer- it happened to me once!) You might get a one-time bargain, but if in doing so you've damaged the artist's ability to sell in your market, you've also potentially damaged the value of your investment.
Also, collectors should still offer a fair price, even if it reflects a discount for not having to pay a commission. Gallery rates are typically 40-50%, but the artist normally absorbs all materials and framing costs from their share of the sale. Many artists (like me) are very conservative about reducing prices, especially to new collectors- discounts are earned through loyal, long-term patronage or comitment to buy several works at once.
Finally, if you do get a great bargain, keep it to yourself! Nobody who has ever paid fair market value will ever trust the artist again if word gets around (and, don't think it won't).
Matthew Kinsey
Reply